SMC Sub Broker / Franchise / Partner Review

SMC Sub Broker has been in broking business for quite a long time and is one of the well know franchise broking house. It was also a trend follower when it comes to the franchise/sub-broking business. As on date, it has around 3000+ franchise firms.

It is one of those institutes which recognizes the importance of creating self-identity and hence it co-promotes the franchisee as well in all the ways possible. For a detailed understanding of the offerings of this broker, please refer the paras below.

SMC Franchise Customer Ratings

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Type of SMC Franchise

SMC does not have any fancy business models. It offers only a single business model which is based on the very basic concept of sub-broking. However, the unique feature herein is the co-promotion that a sub-broker gets which enhances its identity and position in the market.

The other typical feature of SMC is that it mandates a minimum of one year experience by the candidate that wishes to be associated with SMC. Though, in exceptional cases, it also gives a chance to freshers.

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SMC Sub Broker Commission or Revenue Sharing Model

SMC has a very competitive revenue sharing model. The revenue ratio fits well within the industry benchmarks and is in line with the major market players falling under its category. The average ratio is somewhere around 30% to 60%.

One should note that it does not have a fixed ratio slab, rather it operates on a dynamic ratio which is negotiable. The negotiation part is dependent on case to case basis and varies with facts like existing client base, experience, margin money, existing infrastructure etc.

SMC Franchise Cost or Security Deposit Amount

SMC has not prescribed any minimum margin money, however, in a general scenario, it calls for certain deposit amount which may range from 50,000. This is the deposit that SMC retains to cover any default of the sub-broker. Further, SMC also calls out for certain initial investment which includes a decent front office space, workstations and telephone connections.

SMC Sub Broker Offers

SMC appreciates the contribution that sub-brokers make to its sbuiness and the growth and hence ensures that the sub-brokers are rewarded with the appropriate offers like:

A dynamic revenue sharing ratio;

Waving off initial margin money;

Assistance in setting up front office;

Offers on DEMAT/Trading account;

Reduced brokerage charges;

Increased credit limits;

Higher credit period etc.

How to become Sub Broker of SMC?

The following simple procedure is required to be adopted for registering with SMC as a sub-broker:

1st Step – Provide the requisite details in the lead form available here